Comments on: Dealing With Competitors and Undercutters – Psychology http://www.wowconfidential.com/making-gold/dealing-with-competitors-and-undercutters-psychology/ Analysis and Discussion of Making Gold in World of Warcraft Sun, 28 Aug 2011 23:58:30 +0000 hourly 1 http://wordpress.org/?v=3.3 By: Martin Den Store http://www.wowconfidential.com/making-gold/dealing-with-competitors-and-undercutters-psychology/comment-page-1/#comment-18433 Martin Den Store Sat, 05 Jun 2010 15:27:37 +0000 http://www.wowconfidential.com/?p=1409#comment-18433 Ah, sounds fair. :) On my server I had my fallback at around 50 for a long time, and when I changed to 75 my sales dropped quite a bit for a few weeks, but I figured that I better make people used to higher prices for when cata hits, and now I make more gold by selling with 75g as fallback and will be able to raise the prices more when cata comes (or maybe even before that). :) It might not work on your server, but it did on mine. :) Ah, sounds fair. :)

On my server I had my fallback at around 50 for a long time, and when I changed to 75 my sales dropped quite a bit for a few weeks, but I figured that I better make people used to higher prices for when cata hits, and now I make more gold by selling with 75g as fallback and will be able to raise the prices more when cata comes (or maybe even before that). :)

It might not work on your server, but it did on mine. :)

]]> By: Raddom http://www.wowconfidential.com/making-gold/dealing-with-competitors-and-undercutters-psychology/comment-page-1/#comment-17906 Raddom Mon, 31 May 2010 19:33:18 +0000 http://www.wowconfidential.com/?p=1409#comment-17906 Thanks for posting this really helpful article on how to deal with undercutters. When I started, I would always try to get the highest possible price and I never considered undercutting anyone, it was kind of a tabooed practice in my opinion. In fact, there was a time when I was the person contacting others trying to set up truces and asking them to raise prices (it never worked XD). Then I started to realize that it's all just business and I could actually increase sale volume with cheaper prices, and I could drive out competitors. .-= Raddom´s last blog ..<a href="http://feedproxy.google.com/~r/RaddomsCorner/~3/XTa4SjSB7_A/stopped-posting.html" rel="nofollow">Stopped Posting?</a> =-. Thanks for posting this really helpful article on how to deal with undercutters. When I started, I would always try to get the highest possible price and I never considered undercutting anyone, it was kind of a tabooed practice in my opinion. In fact, there was a time when I was the person contacting others trying to set up truces and asking them to raise prices (it never worked XD).

Then I started to realize that it’s all just business and I could actually increase sale volume with cheaper prices, and I could drive out competitors.
.-= Raddom´s last blog ..Stopped Posting? =-.

]]> By: Archi http://www.wowconfidential.com/making-gold/dealing-with-competitors-and-undercutters-psychology/comment-page-1/#comment-17891 Archi Mon, 31 May 2010 15:01:18 +0000 http://www.wowconfidential.com/?p=1409#comment-17891 Euhm , let's say there are 4 groups you can devide your competition in: 1) Slow undercutters - they contact you 2) -||- - you contact them (and/or they ignore) 3) Agressive underc. - they contact you 4) -||- - you contact them (and/or they ignore) You explained your approache to group nr.1. Although i already had my own way to handle with them i would appreciate you explaining your strategy with other groups Euhm , let’s say there are 4 groups you can devide your competition in:
1) Slow undercutters – they contact you
2) -||- – you contact them (and/or they ignore)
3) Agressive underc. – they contact you
4) -||- – you contact them (and/or they ignore)

You explained your approache to group nr.1. Although i already had my own way to handle with them i would appreciate you explaining your strategy with other groups

]]> By: Wall http://www.wowconfidential.com/making-gold/dealing-with-competitors-and-undercutters-psychology/comment-page-1/#comment-17792 Wall Sun, 30 May 2010 12:27:34 +0000 http://www.wowconfidential.com/?p=1409#comment-17792 Nice post Kraklin. :) I would definitely follow your tactics if I cared about the competition at all. Personally I'm fine with not watching and dominating the market 24/7, unless I see someone log in right after I've logged out from my AH char. I just do my thing at my own pace and time and if that means losing some sales, then I'm okay with that. I think people should be less affected by the competition than they sometimes are. I don't want my gaming habits controlled by a person I don't know, just for gold when I already have enough to last me a lifetime. :) Nice post Kraklin. :) I would definitely follow your tactics if I cared about the competition at all. Personally I’m fine with not watching and dominating the market 24/7, unless I see someone log in right after I’ve logged out from my AH char.

I just do my thing at my own pace and time and if that means losing some sales, then I’m okay with that. I think people should be less affected by the competition than they sometimes are. I don’t want my gaming habits controlled by a person I don’t know, just for gold when I already have enough to last me a lifetime. :)

]]> By: Brandon http://www.wowconfidential.com/making-gold/dealing-with-competitors-and-undercutters-psychology/comment-page-1/#comment-17667 Brandon Sat, 29 May 2010 01:58:12 +0000 http://www.wowconfidential.com/?p=1409#comment-17667 I agree, a nice 50-60g range seems to be the sweet spot for glyphs. As far as dealing with competitors I was very fortunate on my main server that nobody really did any aggressive undercutting. We all pretty much just posted our glyphs a couple times a day and all made money (I presume they made money, they seemed to do the same things I was doing and I made a ton.) However on my server with alts it was a pretty intolerable experience because there was one guy who just used a bot and was on 24/7. By biggest tip to anyone dealing with competitors (If you're like me and don't really want to get into these little battles) is just to get into more markets. Any time one of these little skirmishes broke out and prices plummeted I just focused more into the other markets waiting for these to bounce back. I agree, a nice 50-60g range seems to be the sweet spot for glyphs. As far as dealing with competitors I was very fortunate on my main server that nobody really did any aggressive undercutting. We all pretty much just posted our glyphs a couple times a day and all made money (I presume they made money, they seemed to do the same things I was doing and I made a ton.) However on my server with alts it was a pretty intolerable experience because there was one guy who just used a bot and was on 24/7. By biggest tip to anyone dealing with competitors (If you’re like me and don’t really want to get into these little battles) is just to get into more markets. Any time one of these little skirmishes broke out and prices plummeted I just focused more into the other markets waiting for these to bounce back.

]]> By: Kraklin http://www.wowconfidential.com/making-gold/dealing-with-competitors-and-undercutters-psychology/comment-page-1/#comment-17662 Kraklin Sat, 29 May 2010 00:21:58 +0000 http://www.wowconfidential.com/?p=1409#comment-17662 Through testing I've found I can get more sales around the 50g range, anything higher and players start to think "this is pretty expensive, maybe I can just get a friend/guildmate to make it for me". It's like saying, if I was at 75g, couldn't I make more with 95g fallback?? You have to draw the line somewhere. Through testing I’ve found I can get more sales around the 50g range, anything higher and players start to think “this is pretty expensive, maybe I can just get a friend/guildmate to make it for me”.

It’s like saying, if I was at 75g, couldn’t I make more with 95g fallback?? You have to draw the line somewhere.

]]> By: Martin Den Store http://www.wowconfidential.com/making-gold/dealing-with-competitors-and-undercutters-psychology/comment-page-1/#comment-17657 Martin Den Store Fri, 28 May 2010 23:32:50 +0000 http://www.wowconfidential.com/?p=1409#comment-17657 Why would you post at 48g when you will make just as much, or more, with a fallback on 75? O.o x) Why would you post at 48g when you will make just as much, or more, with a fallback on 75? O.o x)

]]> By: Jon http://www.wowconfidential.com/making-gold/dealing-with-competitors-and-undercutters-psychology/comment-page-1/#comment-17650 Jon Fri, 28 May 2010 18:40:45 +0000 http://www.wowconfidential.com/?p=1409#comment-17650 If the guy has planned ahead at all he has is buying herbs from a couple farmers, extra account to be posting while he raids, and a stack of anime to catch up on :) Thats what I have been doing so not having any shortage of ink. Lil' Sparky and qa3 has made it where you don't even have to look at your computer anymore... So if you figure out a way to remove the last couple glyph sellers let me know... So far its two separate accounts and posting almost every 10 minutes and almost none stop posting when a glyph seller is online... Not a nice way of going about it but learned quickly if I wasnt undercutting they would enough to not make it worth the effort to craft... I just happen to have a internet connection in more places than they do I guess... If the guy has planned ahead at all he has is buying herbs from a couple farmers, extra account to be posting while he raids, and a stack of anime to catch up on :) Thats what I have been doing so not having any shortage of ink. Lil’ Sparky and qa3 has made it where you don’t even have to look at your computer anymore… So if you figure out a way to remove the last couple glyph sellers let me know… So far its two separate accounts and posting almost every 10 minutes and almost none stop posting when a glyph seller is online… Not a nice way of going about it but learned quickly if I wasnt undercutting they would enough to not make it worth the effort to craft… I just happen to have a internet connection in more places than they do I guess…

]]> By: Scrooge http://www.wowconfidential.com/making-gold/dealing-with-competitors-and-undercutters-psychology/comment-page-1/#comment-17637 Scrooge Fri, 28 May 2010 13:35:23 +0000 http://www.wowconfidential.com/?p=1409#comment-17637 I agree with you, and I have gone the #4 route several times, specially with glyphs because it is such a frustrating market. But generally I tend to go with option #3, no truces or whitelists mind you, but just being friendly. Making clear it is nothing personal. Just chat a bit about strategies and markets you're in, it's not like it's hard to figure out or highly classified information. I may end with saying 'I'm logging off now, have at it!'. It doesn't change anything, but it might lower the animosity by reminding them that any frustration they feel is also felt by his or her competitors. I agree with you, and I have gone the #4 route several times, specially with glyphs because it is such a frustrating market.

But generally I tend to go with option #3, no truces or whitelists mind you, but just being friendly. Making clear it is nothing personal. Just chat a bit about strategies and markets you’re in, it’s not like it’s hard to figure out or highly classified information. I may end with saying ‘I’m logging off now, have at it!’. It doesn’t change anything, but it might lower the animosity by reminding them that any frustration they feel is also felt by his or her competitors.

]]> By: Hard Dominator http://www.wowconfidential.com/making-gold/dealing-with-competitors-and-undercutters-psychology/comment-page-1/#comment-17608 Hard Dominator Fri, 28 May 2010 11:38:40 +0000 http://www.wowconfidential.com/?p=1409#comment-17608 My competitors are actually not that communicative. Luckily the stuff i make a lot of gold on is sold pretty quickly so some undercutting from their side won't harm me. When they do undercut me a lot i usually wait for a few days for the price to climb up. I even have some undercutters/farmers in trade goods work for me so I get cheap stuff all the time which I sometimes list for marketprice on an alt that they don't know about. My competitors are actually not that communicative. Luckily the stuff i make a lot of gold on is sold pretty quickly so some undercutting from their side won’t harm me. When they do undercut me a lot i usually wait for a few days for the price to climb up. I even have some undercutters/farmers in trade goods work for me so I get cheap stuff all the time which I sometimes list for marketprice on an alt that they don’t know about.

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